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28 Cards in this Set
- Front
- Back
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Define: social responability
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Organisation responsabilities to external stakeholders
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Define: corporate social responability
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Organisation responstabilities to both internal and external stakeholders
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Give the advantages of business ethics
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attracts employees (increased skill base and decreased turnover)
attracts customers decreases costs (eg travel) ensures a continued supply of raw materials marketing tool helps keep up with legislaiton |
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Give the disadvantages of business ethics
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decreased profit (may miss a business oppourtunity)
increased costs (more expensive suppliers) review of business practices (eg recruitment) |
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What are environmental policies a result of?
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public awareness
consumer pressure legislation |
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What does the government do to affect environmental policies?
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taxes fuel
gives subsidies for eco friendly projects forces businesses to give compensation for malpractice |
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What do fiscal policies do/affect?
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It is government spending and taxation.
rewards good behaviour decrease tax on eco friendly power sources subsidies and grants encourage good behaviour |
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What is the monetary policy and how does it affect businesses?
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Intrest rates
Impacts the competativeness of a business. High exchange rate=little investment |
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What is the exchange rate policy and how does it affect businesses?
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Value of the currency in terms of another.
Free floating e.r= determined by demand and supply. Low exchange rate=increased exports and decreased imports |
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4 examples of environmental policies
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use less energy
waste reduction reduce noise pollution less packaging |
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Give the 5 impacts that environmental policies may have on a business
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change techniques/materials used
increase costs decrease costs increase research and development investment increase demand |
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Define: B2C
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A individual ordering from a business
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Define: B2B
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companies do business with suppliers
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Define: C2B
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An individual reaches out to an entire market (eg getting firms to bid for providing your ensurence)
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How can transport affect business?
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road system
vehicle safety regulations |
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How can homeoffice affect business?
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law and order
equal oppourtunities |
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How can environment affect business?
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environmental policy
regional planning local government policy |
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How can employment affect business?
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minimum wage
industrial relations health and safety |
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How can the treasury affect business?
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control of economy
control of public sector |
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How can energy affect business?
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conservation
new sources |
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How can trade and industry affect business?
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consumer protection
export aid EU policy industrial strategy |
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Why does the government intervene?
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control level of ecanomic activity
decrease unemployment stop exploitation regulate monopolies provide law and order ensure an educated and healthy workforce |
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What are the 3 things consumer protection focuses on?
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advertising
quality safety |
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What does the competition policy try to do?
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stop anti competative practices, eg monopolies
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What is the aim of regional policies
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decrease unemployment and raise income of depressed areas
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Give 2 examples of interventionist policies to attract firms to se up in poor areas
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subsidies/tax concessions
provission of facualties in depressed areas (eg good infastructure) |
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Name 5 places funds come from
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Regional Selective Assistence
European regional development fund enterprise zones scottish enterpise |
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What do emerging economies cause? (3)
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decreased prices world wide
increase competition increase pressure on resorces |
